The following video is part of our "Motley Fool Conversations" series, in which editor/analyst Isaac Pino and consumer goods editor/analyst Austin Smith discuss topics across the investing world.

In today's edition, Isaac and Austin discuss the ongoing debate over private equity and venture capital. Is this industry good for industries? For the economy? For investors? Shareholders need to understand the risks involved, the debt-loaded stocks to avoid, and the companies where activism is providing impressive returns.